• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

2

'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032

3

Trump, who has repeatedly called climate change fake, is now threatening Brazil with tariffs over the deforestation of the Amazon

1

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

2

'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032

3

Trump, who has repeatedly called climate change fake, is now threatening Brazil with tariffs over the deforestation of the Amazon
Commentaryoceans

The $2.5 trillion ocean economy is at a crossroads. Capital must act now

By
Olivier Wenden
Olivier Wenden
Down Arrow Button Icon
By
Olivier Wenden
Olivier Wenden
Down Arrow Button Icon
October 14, 2025, 5:00 AM ET
Olivier Wenden.
Olivier Wenden.courtesy Fondation Prince Albert II de Monaco

Today, the blue economy, valued at roughly $2.5 trillion annually, stands at a crossroads: either we continue business as usual — with staggering ecological, social, and financial costs — or we finance deployment at scale, so the ocean remains our most powerful ally for climate, biodiversity, and prosperity.

Recommended Video

There are reasons for hope. Surpassing the 60 state ratifications needed, the High Seas Treaty will finally enter into force in January 2026 — a breakthrough for international law and marine biodiversity, and proof that multilateralism can still deliver. The global pledge to protect 30% of land and sea by 2030, the prohibition of harmful fishing subsidies at the WTO, new shipping emission-reduction measures from the IMO, and negotiations for a global plastics treaty are further signs that governments increasingly view the ocean not as an infinite frontier but as a common good that demands stewardship.

But policy alone will not be enough. Innovation must rise to meet it. Commitments must be matched with resources.

Worldwide, a wave of visionary entrepreneurs is building the foundations of a new blue economy — recyclable and biodegradable packaging, advanced waste-management systems, low-impact aquaculture, community-based fisheries, regenerative tourism, clean-tech for shipping and yachting, and eco-engineered coastal infrastructure. What was once niche is now reshaping entire value chains and redefining how industries operate.

New financing approaches are beginning to match these solutions. Blue bonds and blended-finance mechanisms are raising capital for ocean conservation – as we did with the Paul G. Allen Foundation when launching the Global Fund for Coral Reefs. And a growing ecosystem of funds dedicated to the blue economy is emerging, offering investors opportunities to support promising companies while advancing measurable impact.

At the Prince Albert II of Monaco Foundation, we believe in leading by example. That is why we created the ReOcean Fund with Monaco Asset Management — a €100 million growth fund dedicated to scaling businesses that advance the sustainable blue economy. We have already secured $73 million in commitments, including a new commitment from the Minderoo Foundation, announced by Dr Andrew Forrest AO on the Nasdaq stage during New York Climate Week. Our goal: invest in 15–20 companies across five priority areas — solutions to plastic pollution, sustainable blue foods, green shipping, ocean intelligence, and the protection and restoration of marine ecosystems.

These priorities are already visible in practice: NatureMetrics is providing AI-powered biodiversity monitoring to give decision-grade data on risk and resilience; in New York City, ECOncrete’s living coastal infrastructure, part of the $114 million Living Breakwaters project, reduced required mitigation costs by about 80% — saving nearly $14 million, showing how ecological design delivers financial savings. These are not philanthropic gestures. They are investable, scalable solutions that align environmental protection with economic value.

What must happen next?

First, treat the ocean as an investable market. The ocean regulates our climate, supports global trade, and feeds communities. Investments that restore ecosystems, green maritime transport, and build resilient blue-food systems are not “nice to have”; they are foundational to economic growth.

Second, scale blended finance with purpose. Governments and development banks should partner with mission-driven funds and philanthropies to de-risk innovation and speed deployment, while holding projects to measurable environmental and social outcomes.

Third, standardize decision-grade data and impact frameworks. Investors and regulators should adopt transparent, comparable metrics so capital rewards genuine impact, not greenwash.

Fourth, turn early innovations into established asset classes. We need portfolios of solutions across plastics, blue food, shipping, restoration, and data that can scale together, creating jobs and resilience while restoring the ocean.

This is not a choice between protecting the ocean and growing the economy. It is a call to recognize that the two are inseparable. For investors, policymakers, and business leaders, the time has come to seize the momentum, champion innovation, and finance the blue transition.

We cannot afford another decade of declarations without resources. The ocean cannot wait. If we succeed, we will do more than safeguard the ocean. We will prove that investing in harmony with nature is the smartest bet of the 21st century.

The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune.

About the Author
By Olivier Wenden
See full bioRight Arrow Button Icon

Latest in Commentary

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Olivier Wenden is Vice Chairman & CEO, Fondation Prince Albert II de Monaco, one of the world’s foremost philanthropic institutions dedicated to environmental conservation. Prior to his appointment, Wenden was Executive Director and Secretary General at the foundation.

After earning his degree from Sciences Po Bordeaux in public affairs and economy, he pursued a trilingual Master’s in international trade at Université Paris Sorbonne Nouvelle. Upon his return to Monaco, Wenden served as Chief of Staff and International Affairs Advisor to the President of the Conseil National de Monaco and Chargé de Mission to the Minister of Foreign Affairs and Cooperation of the Government of Monaco, between 2007 and 2013.


Latest in Commentary

tim
CommentaryAirline industry
Merlin CTO: autonomy can rebuild the foundation of aviation — and national security
By Tim BurnsJune 9, 2026
16 hours ago
dewar
CommentaryLeadership
I founded McKinsey’s CEO practice: Here’s why operational excellence is a liability right now
By Carolyn DewarJune 9, 2026
17 hours ago
250
Commentary250 Years of Innovation
America turns 250. Its greatest innovation was never a product — it was a system that let anyone build one
By Keith KrachJune 7, 2026
3 days ago
retirement
CommentaryRetirement
Retiring at 62 costs the average American $250,000. Here’s the math (and the neuroscience) that explain why
By Jon SabesJune 7, 2026
3 days ago
da
CommentaryIPOs
The short seller’s argument nobody on the coming mega IPO roadshow wants you to make
By Bhaskar ChakravortiJune 7, 2026
3 days ago
bs
CommentaryCalifornia
I’ve sold property on California’s Central Coast for decades. The buyers chasing ranch and winery estates are after more than a lifestyle
By Lindsey HarnJune 6, 2026
4 days ago

Most Popular

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military
Asia
Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military
By Kate O'Keeffe and BloombergJune 8, 2026
1 day ago
'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032
Economy
'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032
By Nick LichtenbergJune 9, 2026
12 hours ago
Trump, who has repeatedly called climate change fake, is now threatening Brazil with tariffs over the deforestation of the Amazon
Environment
Trump, who has repeatedly called climate change fake, is now threatening Brazil with tariffs over the deforestation of the Amazon
By Sasha RogelbergJune 8, 2026
1 day ago
Current price of oil as of June 8, 2026
Personal Finance
Current price of oil as of June 8, 2026
By Joseph HostetlerJune 8, 2026
2 days ago
Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there
Success
Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there
By Preston ForeJune 8, 2026
2 days ago
Gen Zers are arriving at college unable to even read a sentence—professors warn it could lead to a generation of anxious and lonely graduates
Success
Gen Zers are arriving at college unable to even read a sentence—professors warn it could lead to a generation of anxious and lonely graduates
By Preston ForeJune 7, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.